Developer laments Soludo's high taxation, urges slash for indigenous investors

Developer laments Soludo’s high taxation, urges slash for indigenous investors

Managing Director and Chief Executive Officer of the Pool King Global Investment Ltd., Hon. Gabriel Chukwunwendu has decried high level of taxation in Anambra state.

He appealed to Governor Chukwuma Soludo to be considerate in taxation, particularly to the indigenous developers and investors in the state.

He made the appeal while fielding questions from newsmen during his birthday ceremony and that of his wife, Mrs. Uchenna Chukwunwendu in Awka, the state capital.

He said he relocated his real estate business from Abuja to Anambra following

Soludo’s call for Akụ Ruo Ụlọ, 

He said, “Soludo has really made Real Estate business favourable in the state through his developmental projects that have resulted in the opening up of many places, thereby increasing the values of lands in areas, including the hinterlands.

“After listening to Soludo’s call for Akụ Ruo Ụlọ when he came to address us, I decided to relocate my investments down to Anambra just in response to the clarion call.

“But we’re experiencing  high level of taxation in the state. That’s why we’re calling on the Governor to be considerate, especially to those of us who are indigenous developers and investors.

“He should consider those of us who relocated our investments down to Anambra just in response to his Akụ Ruo Ụlọ clarion call.”

The Nnewi-born real estate mogul further recommended controlling the number of those who trade dollar in the black market as one of the steps to stabilize the value of naira.

“Since exchange rates are typically higher than official rates in the black market due to speculative demand and limited supply; controlling the number of persons trading dollar and naira in the black market can help strengthen the value of the naira by limiting the unregulated and often speculative trading that drives up demand for foreign currencies. 

“This can also direct more foreign currency transactions through official channels, where rates are set and regulated by monetary authorities, which can lead to a more stable and favorable environment for the naira, thereby strengthening its value,” he added.

The Anambra Youth Commander, whose birthday was April 17 while his wife’s own was April 15, said they decided to celebrate the two together, having become one, by virtue of tying the marital knot since 12 years. 

He further appreciated the solidarity and supports received from friends and well-wishers, while also expressing optimism for brighter years ahead.

A legal luminary and philanthropist, Barr. Kelechi Agbasiere (Founder of The Siere Foundation), described the celebrants as one of the outstanding couples in the state in view of their impacts in lives of many youths in the state and beyond.

“Pool King is a nice guy. In his less than 40 years of age, he has made impacts in the lives of many Nigerians in different parts of the country, both in Anambra, Abuja, Asaba, and many other places, 

“Through his philanthropic gestures, coaching and empowerment programs, employment offers, among others, he has influenced lives positively. Indeed, he is a nice guy; and that is why I can proudly identify with him,” he said.

MD/CEO of the Graceland Real Estate Group, Mr. Okechukwu Okoli also described the celebrants as source of inspiration and motivation to many youths in the country, especially considering how they attend, support and even sponsor many youth-oriented programmes and other such initiatives that will benefit humanity and the society at large.

The ceremony was witnessed by the celebrants’ fathers, Chief Samson Chukwunwendu, and Chief Ignatius Okeke as well as celebrities and entertainers from different parts of the country.

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